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In a drug-induced haze, Elon offered to buy Twitter at a price that was a weed meme and after sobering up, went on a full court press in the media to get out of

In a drug-induced haze, Elon offered to buy Twitter at a price that was a weed meme and after sobering up, went on a full court press in the media to get out of his deal. It required a absolute shitpounding in the Delaware court of chancery for him to cop to the legal obligations he clearly wasn't aware of. What on earth has this man done to make you think that he knows his legal obligations?

WilTimSon 4y ago
He doesn't have to know them, he probably has enough management and lawyers on retainer to warn him about stuff like that. It's highly unlikely they haven't warned him about this.
- selectodude 4y ago
  Of course he does. But he tends to just do shit and let his lawyers figure it out later. Speculating from his past behavior, he almost certainly just fired everybody and his lawyers were like "yeah, you can't just do that, you have to do x, y, and z as well". At least this time, it seems that he's going to actually listen to his lawyers and pay out the garden leave.
- justapassenger 4y ago
  He’s always smartest guy in the room, and will do whatever he wants. He may share same future as previous smartest guys in the room.
- saagarjha 4y ago
  And you think he listens to them?
  - WilTimSon 4y ago
    Ehh, I assume he does when it comes to money. I might have a very low opinion of him but I'm holding out a tiny shred of good faith in him not being an actual lunatic. However unlikely that seems as time goes on.
- FireBeyond 4y ago
  > he probably has enough management and lawyers on retainer Why do you think that? He hasn't replaced Tesla's General Counsel since they left in early 2019. But he's a lot more diligent with his personal life?
pb7 4y ago
>In a drug-induced haze, Elon offered to buy Twitter at a price that was a weed meme and after sobering up, went on a full court press in the media to get out of his deal. It required a absolute shitpounding There's no reason to take your comment seriously when you open like this. You clearly have a bias against the man and you're willing to run with assumptions as facts. Until there is evidence that Twitter was not going to pay for 60 days of employment as required by law, this is a frivolous suit filed out of spite. Otherwise, similar suits would be filed against Stripe, Opendoor, Lyft, and the many other companies that did layoffs recently which are virtually identical to this one. Edit: Twitter is paying for 90 days of salary and benefits, similar to other companies, more than required by law: https://www.businessinsider.com/read-blunt-email-telling-twitter-staff-jobs-axed-layoffs-2022-11 https://www.businessinsider.com/read-blunt-email-telling-twi...
- Tangurena2 4y ago
  He did something similar at Tesla with layoffs that violated the WARN Act. The lawyers filing this case were the lawyers on that case. They've seen this happen before.
- kibwen 4y ago
  It is entirely reasonable to exhibit bias against someone who has repeatedly demonstrated gross irresponsibility. If Musk wishes to be taken seriously, then at this point the burden is on him to demonstrate that he deserves to be taken seriously. We are no longer willing to extend him the benefit of the doubt.
  - pb7 4y ago
    It's not at all reasonable to accuse someone of being on drugs when making an offer to buy a billion dollar company just because you don't like them. Stick to facts and you'll have others' support (including mine).
    - selectodude 4y ago
      Not to fall into a gossip-rag mess, but Elon Musk was allegedly on acid when he tweeted "Am considering taking Tesla private at $420. Funding secured." so this isn't some sort of insane off the wall claim being made here.
googlryas 4y ago
How long was he in a drug induced haze for? Long enough to line up other institutional investors?
wsinks 4y ago
Not questioning you fully here, but ... what reference is there for Elon doing this offer while 'in a drug-induced haze'?
- ceejayoz 4y ago
  The price was $54.20 and the offer made on 4/20. https://www.reuters.com/business/weed-joke-agreed-deal-inside-musks-44-bln-twitter-buyout-2022-04-26/ https://www.reuters.com/business/weed-joke-agreed-deal-insid... Not his first 420 reference, either; the “funding secured” Tesla tweet that got him in hot water with the SEC set a Tesla share price of $420. At the very least, he likes to make weed jokes.

WilTimSon 4y ago

He doesn't have to know them, he probably has enough management and lawyers on retainer to warn him about stuff like that. It's highly unlikely they haven't warned him about this.

selectodude 4y ago
Of course he does. But he tends to just do shit and let his lawyers figure it out later. Speculating from his past behavior, he almost certainly just fired everybody and his lawyers were like "yeah, you can't just do that, you have to do x, y, and z as well". At least this time, it seems that he's going to actually listen to his lawyers and pay out the garden leave.
justapassenger 4y ago
He’s always smartest guy in the room, and will do whatever he wants. He may share same future as previous smartest guys in the room.
saagarjha 4y ago
And you think he listens to them?
- WilTimSon 4y ago
  Ehh, I assume he does when it comes to money. I might have a very low opinion of him but I'm holding out a tiny shred of good faith in him not being an actual lunatic. However unlikely that seems as time goes on.
FireBeyond 4y ago
> he probably has enough management and lawyers on retainer Why do you think that? He hasn't replaced Tesla's General Counsel since they left in early 2019. But he's a lot more diligent with his personal life?

pb7 4y ago

>In a drug-induced haze, Elon offered to buy Twitter at a price that was a weed meme and after sobering up, went on a full court press in the media to get out of his deal. It required a absolute shitpounding There's no reason to take your comment seriously when you open like this. You clearly have a bias against the man and you're willing to run with assumptions as facts. Until there is evidence that Twitter was not going to pay for 60 days of employment as required by law, this is a frivolous suit filed out of spite. Otherwise, similar suits would be filed against Stripe, Opendoor, Lyft, and the many other companies that did layoffs recently which are virtually identical to this one. Edit: Twitter is paying for 90 days of salary and benefits, similar to other companies, more than required by law: https://www.businessinsider.com/read-blunt-email-telling-twitter-staff-jobs-axed-layoffs-2022-11 https://www.businessinsider.com/read-blunt-email-telling-twi...

Tangurena2 4y ago
He did something similar at Tesla with layoffs that violated the WARN Act. The lawyers filing this case were the lawyers on that case. They've seen this happen before.
kibwen 4y ago
It is entirely reasonable to exhibit bias against someone who has repeatedly demonstrated gross irresponsibility. If Musk wishes to be taken seriously, then at this point the burden is on him to demonstrate that he deserves to be taken seriously. We are no longer willing to extend him the benefit of the doubt.
- pb7 4y ago
  It's not at all reasonable to accuse someone of being on drugs when making an offer to buy a billion dollar company just because you don't like them. Stick to facts and you'll have others' support (including mine).
  - selectodude 4y ago
    Not to fall into a gossip-rag mess, but Elon Musk was allegedly on acid when he tweeted "Am considering taking Tesla private at $420. Funding secured." so this isn't some sort of insane off the wall claim being made here.

googlryas 4y ago

How long was he in a drug induced haze for? Long enough to line up other institutional investors?

wsinks 4y ago

Not questioning you fully here, but ... what reference is there for Elon doing this offer while 'in a drug-induced haze'?

ceejayoz 4y ago
The price was $54.20 and the offer made on 4/20. https://www.reuters.com/business/weed-joke-agreed-deal-inside-musks-44-bln-twitter-buyout-2022-04-26/ https://www.reuters.com/business/weed-joke-agreed-deal-insid... Not his first 420 reference, either; the “funding secured” Tesla tweet that got him in hot water with the SEC set a Tesla share price of $420. At the very least, he likes to make weed jokes.